Next 10 Years Could See 6M New Renter Households

eCreditDaily
Jan. 2, 2013

An estimated 5 to 6 million new renter households will emerge over the next ten years, creating challenges for renters that include tight market conditions and potentially higher expenses.

The renting boom also poses a challenge to the housing market, which must accommodate a range of potential clients, including baby boomers, echo boomers (young adults moving out on their own), post-foreclosure homeowners and recent immigrants.

These findings come from the Bipartisan Policy Center’s (BPC) Housing Commission, which has released an infographic detailing the “intersection of supply and demand in rental housing.”